StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS – Free Report) in a research note issued to investors on Friday. The firm issued a sell rating on the semiconductor company’s stock.
Sequans Communications Trading Down 4.2 %
Shares of SQNS stock opened at $0.50 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Sequans Communications has a twelve month low of $0.34 and a twelve month high of $2.97. The company’s 50-day moving average price is $0.50 and its 200-day moving average price is $1.84. The stock has a market cap of $30.66 million, a price-to-earnings ratio of -0.71 and a beta of 0.14.
Sequans Communications (NYSE:SQNS – Get Free Report) last posted its earnings results on Thursday, March 7th. The semiconductor company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. The firm had revenue of $4.77 million during the quarter. As a group, equities analysts predict that Sequans Communications will post -0.55 earnings per share for the current year.
Institutional Investors Weigh In On Sequans Communications
About Sequans Communications
Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.
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